Kinder Morgan Builds Out Gulf Coast Logistics Hub in U.S. Oil Boom

Friday, September 19, 2014 Logistics giant Kinder Morgan Energy Partners is spending more than $1.5 billion in Houston to build the most flexible oil and fuel transport hub in the country.
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Outlook & Insights
COMMENTARY: American LNG Can Improve European Energy Security
(Thursday, September 18, 2014) U.S. LNG exports represent a significant opportunity for America, the global gas market and for importing countries, says Bill Cooper of the Center for LNG.

Republican Senator Says 2015 Could Be Time For US Oil Export Bill
(Thursday, September 18, 2014) The top supporter in the US Congress for reversing the 40-year ban on crude oil exports, Senator Lisa Murkowski from Alaska, said next year could be the time for a bill on lifting the restriction.

Cheaper Oil No Big Threat to Gulf Economies, A Boon for North Africa
(Thursday, September 18, 2014) Falling oil prices may prove the best medicine for economies in the Arab world, rebalancing growth towards countries struggling to recover from the Arab Spring uprisings without doing major damage to the oil exporters of the Gulf.

Unconventional Oil, Gas to Lift US Energy Exports
(Wednesday, September 17, 2014) Domestic unconventional oil and gas production will help raise U.S. energy exports by about 5 percent per year through 2030, according to HSBC.

Study: New Propylene Sources to Alter Historical Supply Paradigms
(Wednesday, September 17, 2014) Propylene production capacity is expecgted to increase to 165 million tons by 2030 from around 109 million today, according to Wood Mackenzie's latest global propylene long-term market study.

Kinder Morgan Builds Out Gulf Coast Logistics Hub in U.S. Oil Boom
(Friday, September 19, 2014) Logistics giant Kinder Morgan Energy Partners is spending more than $1.5 billion in Houston to build the most flexible oil and fuel transport hub in the country.

Bahrain Refinery Contract Goes to Technip
(Friday, September 19, 2014) Technip was awarded by The Bahrain Petroleum Company (BAPCO) a significant contract on a reimbursable basis to develop the front-end engineering design (FEED) of the refinery located in the Kingdom of Bahrain.

Chevron Taps Deutsche Bank to Find Buyers for Hawaiian Refinery - Source
(Friday, September 19, 2014) Chevron Corp has hired an investment bank to identify potential buyers of its 54,000 barrel-a-day refinery in Kapolei on the Hawaiian island of Oahu, a company official said.

Idled N.M. Fractionation Plant to Support Western's Gallup Refinery
(Thursday, September 18, 2014) Western Refining, Inc. announced Wednesday that it has entered into an agreement for the acquisition of the 25,000 barrel per day (bpd) idled Wingate Fractionation Plant in Gallup, New Mexico from ConocoPhillips Company.

Foster Wheeler Joins Gulf Coast Gas-to-gasoline Project
(Thursday, September 18, 2014) Foster Wheeler will support ZeoGas LLC's final site selection and project planning towards the development of its first fuels manufacturing plant, to be located on the U.S. Gulf Coast.

US to Train Veterans to Install Solar Panels
(Thursday, September 18, 2014) The U.S. is planning to train veterans to become solar panel installers in the next six years, the White House said Thursday.

Food Versus Fuel in U.S. Renewable Energy Showdown
(Thursday, September 18, 2014) A bumper corn crop in the U.S. means now is the time to reduce government mandates on turning food into fuel, an agricultural economist said, amid a debate over bioenergy targets.

U.S. Ethanol Stocks Surge to 18-month High on Easing Demand
(Wednesday, September 17, 2014) U.S. ethanol stocks rose 4.3 percent to their highest in 1-1/2 years, government data showed on Wednesday, as fuel demand declined following the end of the summer driving season.

Top U.S. Senate Tax Law Writers Urge Renewal of Tax Breaks Package
(Wednesday, September 17, 2014) The U.S. Senate's top Democratic and Republican tax law writers on Wednesday both urged colleagues to renew a set of expired federal tax breaks, many of which support renewable energy.

USDA Chief Expects 2014 Biofuel Use Targets to Rise
(Tuesday, September 16, 2014) The Obama administration is committed to eventually getting U.S. ethanol production to the 15 billion-gallon level envisioned by Congress, U.S. Agriculture Secretary Thomas Vilsack said on Tuesday.

Industries Qatar Shelves Multi Billion Dollar Petrochemicals Project
(Thursday, September 18, 2014) Industries Qatar, the Gulf's second-largest petrochemicals firm, said on Thursday it had put its multi billion dollar Al Sejeel petrochemical complex project on hold and was studying a new scheme instead that would yield better returns.

European Petchem Group's Re-branding: More Than A New Name
(Tuesday, September 16, 2014) DownstreamToday talks industry perceptions, shale gas and a revamped brand with executive director of Petrochemicals Europe.

Shell, Motiva to Pay Back Wages to U.S. Workers -Labor Dept.
(Tuesday, September 16, 2014) Shell and its Motiva Enterprises joint-venture with Saudi Aramco have agreed to pay $4.5 million in back overtime wages to 2,677 current and former employees, the U.S. Department of Labor said on Tuesday.

Occidental in $190 Mln Settlement to Clean Up New Jersey River
(Tuesday, September 16, 2014) Occidental Chemical Corp has agreed to pay New Jersey $190 million as part of a settlement to clean up the polluted Passaic River, state officials announced on Monday.

Japan's Mitsui Restarts Naphtha Cracker After Repair
(Tuesday, September 16, 2014) Japan's Mitsui Chemicals Inc said on Tuesday it restarted the 612,000-tonne-per-year naphtha cracker at its Ichihara plant in Chiba, east of Tokyo, on Monday following repair work on an unspecified problem.

API: Keystone XL Shovel-ready for Six Years and Counting
(Friday, September 19, 2014) American Petroleum Institute President & CEO Jack Gerard once again urged President Obama to finally approve the Keystone XL pipeline, noting that six years ago Friday the initial application for the project was submitted to the State Department.

British Columbia Court Rejects Bid to Block Kinder Morgan Pipeline
(Thursday, September 18, 2014) The Supreme Court of British Columbia has rejected a local municipality's bid for a temporary injunction to stop survey work for an oil pipeline expansion project proposed by Kinder Morgan Energy Partners.

Ambitious U.S. Pipeline Firm Buckeye Quietly Makes Key Acquisition
(Wednesday, September 17, 2014) Houston-based logistics firm Buckeye Partners spends more than $3.5 billion buying assets to transform itself from a regional pipeline utility into an emerging energy powerhouse.

Gazprom Says Unable to Meet Rising Gas Demand from Europe for Now
(Wednesday, September 17, 2014) Russia's Gazprom said on Wednesday it is unable to meet rising gas demand from Europe while it builds up stockpiles ahead of winter, undermining the ability of Europe to supply Ukraine with gas.

TGP Offers Maine Capacity on Proposed Northeast Energy Direct Project
(Wednesday, September 17, 2014) Tennessee Gas Pipeline Co. (TGP), a Kinder Morgan subsidiary, Wednesday has offered the State of Maine a long-term contract for natural gas pipeline capacity on its proposed Northeast Energy Direct Project.

Terminals & Storage
Kinder Morgan Builds Out Gulf Coast Logistics Hub in U.S. Oil Boom
(Friday, September 19, 2014) Logistics giant Kinder Morgan Energy Partners is spending more than $1.5 billion in Houston to build the most flexible oil and fuel transport hub in the country.

EIA: Expanded Panama Canal to Allow Transit of Larger Oil-, LNG-laden Ships
(Wednesday, September 17, 2014) Ships carrying crude oil and petroleum products are limited by size restrictions imposed by several of the main thoroughfares of maritime navigation: the Panama Canal, the Suez Canal, and the Strait of Malacca.

U.S. Crude Stocks Rise Unexpectedly As Imports Jump - EIA
(Wednesday, September 17, 2014) U.S. crude stocks rose unexpectedly last week as imports jumped and refineries cut output, while gasoline stocks decreased and distillate inventories rose, data from the Energy Information Administration showed on Wednesday.

Seattle Leaders Call for Safeguards Amid Boom in Oil Train Shipments
(Wednesday, September 17, 2014) Seattle officials called on Wednesday for more safeguards for crude oil trains traveling through the city in increasing numbers, warning some rail infrastructure was antiquated and could contribute to a catastrophic accident.

TransCanada Sees Itself in Oil Train Business Regardless of Keystone -CEO
(Tuesday, September 16, 2014) Pipeline operator TransCanada Corp is likely to haul Canadian oil sands crude by rail whether or not its embattled Keystone XL pipeline project is finally approved by Washington, the company's chief executive said on Tuesday.

Yamal, Russia's Gas Megaplan, Becomes Symbol of Sanctions Defiance
(Friday, September 19, 2014) Dozens of Russian energy ventures are in jeopardy due to Western sanctions on technology and funding. Looming over them all, a giant project the Kremlin is bent on saving no matter what.

Chevron Vows To Use 'Lessons Learned' After Angola LNG Missteps
(Thursday, September 18, 2014) Chevron CEO John Watson vows that the company will learn lessons from missteps at its $10 billion Angolan LNG venture.

Petronas Still Eyeing Year End for Canada LNG Investment Decision
(Thursday, September 18, 2014) Pacific NorthWest LNG, a unit of Malaysia's Petronas, still plans to make a final decision on the construction of a liquefied natural gas (LNG) facility in northwest British Columbia by year end, the unit's president said on Thursday.

Finland Grants Support to Three Small LNG Terminals
(Thursday, September 18, 2014) The Finnish government granted 65.2 million euros (84.22 million US dollar) in subsidies to build three small LNG terminals to cut on use of fuel oil and LPG in industry, the economy ministry said on Thursday.

GM Recalling Natural Gas-powered Vans Due to Possible Leak
(Thursday, September 18, 2014) General Motors Co will recall about 3,200 vans powered by natural gas because of the possibility of a gas leak that increases the risk of a fire, the automaker said on Thursday.

Poland Sets Sights on Gas Hub to Loosen Russia's Energy Grip
(Thursday, September 18, 2014) Poland is taking steps towards creating a gas trading and transit hub in Central and Eastern Europe aimed at accomplishing what much of the region has failed to do: shake off almost complete reliance on Russian gas imports.

Oil Falls On Supply Glut And Strong Dollar
(Thursday, September 18, 2014) Crude oil falls, pressured by ample supply, concerns about demand growth and a stronger US dollar.

How Islamic State Uses Syria's Oil to Fuel Its Advances
(Thursday, September 18, 2014) "Islamic State makes not less than $2 million daily that allows them to pay salaries and maintain their operations," said a former Western oil executive who is familiar with the nascent oil market.

Iraq Oil Export Revenue Falls to $7.1 Billion for August
(Thursday, September 18, 2014) Iraq's oil exports generated $7.1 billion of revenue in August, down from $7.8 billion in July, the Iraqi oil ministry said in a statement on Thursday.

Canadian Crude Exports to United States Hit Record High -EIA
(Wednesday, September 17, 2014) U.S. crude oil imports from Canada hit a record high of nearly 3 million barrels per day in the week ended Sept. 12, U.S. Energy Information Administration data showed on Wednesday.

Finance & Acquisition
Arkema Offers Total $2.2 Bln for Blu-Tak Maker Bostik
(Friday, September 19, 2014) French chemicals group Arkema has offered to buy oil major Total's adhesives business Bostik, which makes Blu-Tack, for 1.74 billion euros ($2.24 billion).

Chevron Taps Deutsche Bank to Find Buyers for Hawaiian Refinery - Source
(Friday, September 19, 2014) Chevron Corp has hired an investment bank to identify potential buyers of its 54,000 barrel-a-day refinery in Kapolei on the Hawaiian island of Oahu, a company official said.

University of California Votes Not to Divest from Fossil Fuels
(Friday, September 19, 2014) The University of California voted on Friday to maintain its investments in fossil fuels, frustrating a student-led effort to divest its portfolio in oil, natural gas and coal.

Bayer Says Both IPO and Spin-off Are Options for Plastics Unit
(Thursday, September 18, 2014) Bayer said its plastics unit could be listed either via an initial public offering (IPO) with shares sold against cash or a spin-off, meaning shares in the unit would be given to existing Bayer shareholders for free.

E&E Legal Alleges Tax Law Violations by Sierra Club, Foundation
(Wednesday, September 17, 2014) The Energy & Environment Legal Institute (E&E Legal) Wednesday filed a formal referral with the Internal Revenue Service alleging the Sierra Club and the Sierra Club Foundation are in potential noncompliance regarding two areas of tax law.

People on the Move
OMV Won't Reshuffle Management Until Review Done - Chairman
(Thursday, September 18, 2014) OMV is increasingly focused on its upstream exploration projects to cut reliance on refining and marketing operations and made its biggest acquisition by buying Statoil North Sea assets worth $2.65 billion last year.

New Alberta Premier Picks Frank Oberle As Energy Minister
(Monday, September 15, 2014) Jim Prentice, sworn in on Monday as the premier of the Canadian province of Alberta following his successful run for leadership of the ruling Progressive Conservative party, has appointed Frank Oberle as energy minister.

Enable Names Farmer Chief Administrative Officer
(Monday, September 15, 2014) The board of directors of Enable Midstream Partners, LP Monday announced that Deanna Farmer has been named executive vice president and chief administrative officer, effective Monday, Sept. 29, 2014.

HollyFrontier Promotes Damiris
(Thursday, September 11, 2014) HollyFrontier Corp. Wednesday announced the appointment of George Damiris, currently Senior Vice President, Supply & Marketing, to the position of Executive Vice President and Chief Operating Officer of the Company.

Former Canadian Minister to Become New Premier of Alberta
(Monday, September 08, 2014) Jim Prentice, a former investment banker and minister in the government of Canadian Prime Minister Stephen Harper, was selected as the new premier of the oil-rich province of Alberta on Saturday,

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